Trending NewsTrending NewsNYSE:IIPR Innovative Industrial Properties (IIPR) Stock Price, News & Analysis $52.91 -0.77 (-1.44%) Closing price 03:59 PM EasternExtended Trading$52.98 +0.08 (+0.15%) As of 07:30 PM Eastern Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more. Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsInsider TradesNews and TrendsOptions ChainOwnershipSEC FilingsShort Interest About Innovative Industrial Properties Stock (NYSE:IIPR) View Price History Chart DataSkip Price History Chart 1 Day 5 Days 30 Days 90 Days 1 Year Advanced 1 Day 1 Day 5 Days 30 Days 90 Days 1 Year Advanced Show volume Show extended hours Get IIPR alerts:Sign Up Key Stats Today's Range$52.67▼$53.7550-Day Range$50.24▼$57.6352-Week Range$44.58▼$65.38Volume308,953 shsAverage VolumeN/AMarket CapitalizationN/AP/E RatioN/ADividend YieldN/APrice Target$51.31Consensus RatingHold Company Overview Innovative Industrial Properties, Inc. (NYSE:IIPR) is a real estate investment trust focused on the regulated cannabis industry in the United States. The company acquires, owns and manages specialized industrial properties, including cultivation, processing and manufacturing facilities used by state-licensed cannabis operators. Innovative Industrial Properties generally leases its properties to cannabis companies under long-term, typically triple-net lease agreements. Under these arrangements, tenants are generally responsible for property-level operating expenses, while the company provides real estate capital and manages its portfolio as a landlord. Founded in 2016, Innovative Industrial Properties has expanded through property acquisitions, sale-leaseback transactions and investments in the development or redevelopment of cannabis facilities. Its properties are located in multiple U.S. states with regulated medical-use or adult-use cannabis markets, with the specific portfolio changing as the company acquires and disposes of properties. The company is led by Chief Executive Officer and Chairman Alan D. Gold, who has experience in real estate investment and development. Innovative Industrial Properties is structured as a REIT and focuses primarily on generating rental income from properties serving the cannabis industry rather than cultivating, processing or selling cannabis products itself.AI Generated. May Contain Errors. Read More Innovative Industrial Properties Stock Analysis - MarketRank™See Top-Rated MarketRank™ Stocks55th Percentile Overall ScoreIIPR MarketRank™: 2.72709500847 of 5 starsInnovative Industrial Properties scored higher than 55% of companies evaluated by MarketBeat, and ranked 42nd out of 189 stocks in the real estate sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion1.9 / 5Analyst RatingHold Consensus RatingInnovative Industrial Properties has received a consensus rating of Hold. The company's average rating score is 2.17, and is based on no strong buy ratings, 2 buy ratings, 3 hold ratings, and 1 sell rating.Upside/DownsideThe consensus price target for Innovative Industrial Properties is close to its current price, suggesting limited near-term upside or downside.Amount of Analyst CoverageInnovative Industrial Properties has only been the subject of 4 research reports in the past 90 days.Read more about Innovative Industrial Properties' stock forecast and price target. Earnings and Valuation1.3 / 5Proj. Earnings Growth7.61% Earnings GrowthEarnings for Innovative Industrial Properties are expected to grow by 7.61% in the coming year, from $6.83 to $7.35 per share.Read more about Innovative Industrial Properties' valuation and earnings. Short Interest3.0 / 5Short Interest LevelHealthy Percentage of Shares Shorted13.22% of the float of Innovative Industrial Properties has been sold short.Short Interest Ratio / Days to CoverInnovative Industrial Properties has a short interest ratio ("days to cover") of 8.39.Change versus previous monthShort interest in Innovative Industrial Properties has recently decreased by 16.38%, indicating that investor sentiment is improving significantly. Dividend0.0 / 5Dividend StrengthN/A Dividend YieldInnovative Industrial Properties does not currently pay a dividend.Dividend GrowthInnovative Industrial Properties has only been increasing its dividend for 4 years.Dividend SustainabilityBased on EPS estimates, Innovative Industrial Properties will have a dividend payout ratio of 103.40% in the coming year. This indicates that Innovative Industrial Properties may not be able to sustain their current dividend. News and Social Media4.2 / 5News Sentiment0.70 News SentimentInnovative Industrial Properties has a news sentiment score of 0.70. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.59 average news sentiment score of Real Estate companies.News Coverage This WeekMarketBeat has tracked 27 news articles for Innovative Industrial Properties this week, compared to 4 articles on an average week.Search Interest12 people have searched for IIPR on MarketBeat in the last 30 days. This is an increase of 9% compared to the previous 30 days.MarketBeat Follows7 people have added Innovative Industrial Properties to their MarketBeat watchlist in the last 30 days. This is an increase of 40% compared to the previous 30 days. Company Ownership2.9 / 5Insider TradingAcquiring Shares Cluster Insider Buying2 insiders have purchased shares of Innovative Industrial Properties in the last three months. Multiple insiders buying is a strong bullish signal.Insider Buying vs. Insider SellingIn the past three months, Innovative Industrial Properties insiders have bought 2,890.88% more of their company's stock than they have sold. Specifically, they have bought $1,029,938.00 in company stock and sold $34,436.00 in company stock.Percentage Held by Insiders2.30% of the stock of Innovative Industrial Properties is held by insiders.Percentage Held by Institutions70.58% of the stock of Innovative Industrial Properties is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Innovative Industrial Properties' insider trading history. 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Unsubscribe at any time by replying "STOP" to any text message that you receive from MarketBeat or by visiting our mailing preferences page. Read our full terms of service and privacy policy. IIPR Stock News HeadlinesInnovative Industrial Properties (IIPR) Stock Dips While Market Gains: Key Facts2 hours ago | finance.yahoo.comInnovative Industrial Properties Extends Revolving Credit FacilityOctober 27 at 4:31 PM | tipranks.comMy next big call (under $1)17,556% on KDA. 3,900% on PRE. 2,650% on OCEAN. Every single one of these was recommended to our community before the big move happened. Now, I'm making my next big call. It's a coin under $1.00 that most investors have never heard of. But the world's largest bank is already building on it. It has a deflationary burn mechanism tied directly to institutional usage. With Bitcoin well off its highs and fear still hanging over the market, this is the exact environment where my biggest winners have been found.October 27 at 1:00 AM | Crypto 101 Media (Ad)Kimco Realty Stock Before Q3 Earnings: Smart Buy or Risky Move?October 27 at 2:42 PM | finance.yahoo.comDigital Realty Stock Ahead of Q3 Earnings: Smart Buy or Risky Move?October 27 at 2:42 PM | finance.yahoo.comInvitation Homes Q3 Earnings Coming Up: Smart Buy or Risky Move?October 26 at 1:39 PM | finance.yahoo.comEssex Property Stock Pre-Q3 Earnings: Smart Buy or Risky Move?October 26 at 1:39 PM | finance.yahoo.comInnovative Industrial Properties (NYSE:IIPR) Chairman Purchases $1,000,000.00 in StockOctober 14, 2026 | insidertrades.comSee More Headlines IIPR Stock Analysis - Frequently Asked Questions How have IIPR shares performed this year? Innovative Industrial Properties' stock was trading at $47.32 on January 1st, 2026. Since then, IIPR stock has increased by 11.8% and is now trading at $52.9070. How were Innovative Industrial Properties' earnings last quarter? Innovative Industrial Properties, Inc. (NYSE:IIPR) posted its quarterly earnings data on Monday, August, 3rd. The company reported $1.36 EPS for the quarter, beating analysts' consensus estimates of $1.02 by $0.34. The business earned $63.32 million during the quarter, compared to the consensus estimate of $67.09 million. Read the conference call transcript. When did Innovative Industrial Properties IPO? Innovative Industrial Properties (IIPR) raised $176 million in an initial public offering (IPO) on Thursday, December 1st 2016. The company issued 8,800,000 shares at $20.00 per share. Ladenburg Thalmann and Compass Point served as the underwriters for the IPO. Who are Innovative Industrial Properties' major shareholders? Innovative Industrial Properties' top institutional investors include Asset Management One Co. Ltd. (0.14%), CWA Asset Management Group LLC (0.13%), Nisa Investment Advisors LLC (0.08%) and State of Alaska Department of Revenue (0.07%). Insiders that own company stock include Alan D Gold, Bruce Alan Ives, Scott Shoemaker, David Stecher and David Jon Smith. View institutional ownership trends. How do I buy shares of Innovative Industrial Properties? Shares of IIPR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. What other stocks do shareholders of Innovative Industrial Properties own? Based on aggregate information from My MarketBeat watchlists, some other companies that Innovative Industrial Properties investors own include NVIDIA (NVDA), Canopy Growth (CGC), Tesla (TSLA), Advanced Micro Devices (AMD), AbbVie (ABBV), Alibaba Group (BABA) and Block (XYZ). Company Calendar Last Earnings8/03/2026Record date for 10/15 Dividend9/30/2026Ex-Dividend for 10/15 Dividend9/30/2026Dividend Payable10/15/2026Today10/27/2026Next Earnings (Estimated)11/02/2026Fiscal Year End12/31/2026Get Stock Alerts Health Indicator TradeSmith's Health IndicatorA long-term volatility-based measure designed for securities held 12 months or longer.Green: Strong and healthy uptrend with normal pullbacks.Yellow: Significant pullback but still within expected volatility.Red: Dropped beyond expected volatility; considered unhealthy. Green Zone (1w+) 1-Year History Oct 25 Jan 26 Apr 26 Jul 26 Oct 26 For the last 7 days, IIPR's financial health has been in the Green zone, according to TradeSmith. Industry, Sector and Symbol Stock ExchangeNYSE SectorReal Estate Industry Industrial REITs Sub-IndustryIndustrial REITs Current SymbolNYSE:IIPR Previous SymbolNASDAQ:IIPR CIK1677576 Webwww.innovativeindustrialproperties.com Phone(858) 997-3332FaxN/AEmployees24Year Founded2016Price Target and Rating Average Price Target for Innovative Industrial Properties$51.31 High Price Target$60.00 Low Price Target$44.00 Potential Upside/Downside-3.0%Consensus RatingHold Rating Score (0-4)2.17 Research Coverage6 Analysts Profitability EPS (Trailing Twelve Months)N/A Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet IncomeN/A Net MarginsN/A Pretax MarginN/A Return on EquityN/A Return on AssetsN/A Debt Debt-to-Equity RatioN/A Current RatioN/A Quick RatioN/A Sales & Book Value Annual SalesN/A Price / SalesN/A Cash FlowN/A Price / Cash FlowN/A Book ValueN/A Price / BookN/AMiscellaneous Outstanding SharesN/AFree Float26,937,000Market CapN/A OptionableOptionable BetaN/A Social Links 10 Stocks Powering The Next AI Boom The AI boom is creating opportunities across semiconductors, cloud computing, enterprise software, infrastructure, cybersecurity, and automation. 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